Thai-German Products PCL's Days Sales Outstanding for the
three
months ended in Mar. 2026 was 33.67.
Thai-German Products PCL's Days Inventory for the
three
months ended in Mar. 2026 was 133.07.
Thai-German Products PCL's Days Payable for the
three
months ended in Mar. 2026 was 63.27.
Therefore, Thai-German Products PCL's Cash Conversion Cycle (CCC) for the
three
months ended in Mar. 2026 was 103.47.
Generally, the lower this number is, the better for the company. Although it should be combined with other metrics (such as ROE % and ROA %), it can be especially useful for comparing close competitors, because the company with the lowest CCC is often the one with better management.
Be Aware
CCC is most effective with retail-type companies, which have inventories that are sold to customers. Consulting businesses, software companies and insurance companies are all examples of companies for whom this metric is meaningless.
The CCC is one of several tools that can help you evaluate management, especially if it is calculated for several consecutive time periods and for several competitors. Decreasing or steady CCCs are good, while rising ones should motivate you to dig a bit deeper.
Thai-German Products PCL Cash Conversion Cycle Related Terms
Thai-German Products PCL Cash Conversion Cycle Historical Data
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The historical data trend for Thai-German Products PCL's Cash Conversion Cycle can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
BKK:TGPRO vs NUE, STLD, RS: Cash Conversion Cycle Comparison
For the Steel subindustry, Thai-German Products PCL's Cash Conversion Cycle, along with its competitors' market caps and Cash Conversion Cycle data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Thai-German Products PCL Cash Conversion Cycle vs Steel Industry
For the Steel industry and Basic Materials sector, Thai-German Products PCL's Cash Conversion Cycle distribution charts can be found below:
* The bar in red indicates where Thai-German Products PCL's Cash Conversion Cycle falls into.
Cash Conversion Cycle (CCC) measures how fast a company can convert cash on hand into even more cash on hand. This metric looks at the amount of time needed to sell inventory, the amount of time needed to collect receivables and the length of time the company is afforded to pay its bills without incurring penalties.
Cash Conversion Cycle is one of several measures of management effectiveness.
Thai-German Products PCL's Cash Conversion Cycle for the fiscal year that ended in Dec. 2025 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Thai-German Products PCL (BKK:TGPRO) has a Cash Conversion Cycle of 103.47 as of Mar. 2026. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on Thai-German Products PCL and its competitors.
Is Thai-German Products PCL's Cash Conversion Cycle too high?
Thai-German Products PCL's current Cash Conversion Cycle is 103.47. The Steel industry median Cash Conversion Cycle is 95.23. Thai-German Products PCL's value of 103.47 is 8.7% above this industry median.
How does Thai-German Products PCL's Cash Conversion Cycle compare to NUE and STLD?
Thai-German Products PCL's Cash Conversion Cycle of 103.47 can be compared against companies in the Steel industry. The industry median Cash Conversion Cycle is 95.23. Thai-German Products PCL's value of 103.47 is 8.7% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash Conversion Cycle for a Steel company?
The median Cash Conversion Cycle among Steel companies is 95.23, based on 610 companies in the industry. Companies in the top quartile (top 25%) have a Cash Conversion Cycle significantly above this median, while those in the bottom quartile fall well below. However, Cash Conversion Cycle should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Thai-German Products PCL's current Cash Conversion Cycle of 103.47 is 8.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash Conversion Cycle mean?
A high Cash Conversion Cycle can signal that a stock is expensive relative to its fundamentals. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on Thai-German Products PCL and its competitors. For the Steel industry, the median Cash Conversion Cycle is 95.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thai-German Products PCL's current Cash Conversion Cycle is 103.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thai-German Products PCL stock overvalued right now?
Based on GuruFocus' analysis, Thai-German Products PCL (BKK:TGPRO) is currently considered Possible Value Trap. The stock's GF Value™ is ฿0.09, compared to a current price of ฿0.03 — trading 66.7% below its estimated fair value. The current Cash Conversion Cycle is 103.47 and 8.7% above the Steel industry median of 95.23. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash Conversion Cycle calculated?
Cash Conversion Cycle is calculated from a company's financial statements. For Thai-German Products PCL (BKK:TGPRO), the current Cash Conversion Cycle is 103.47 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Thai-German Products PCL is engaged in the business of manufacturing and distribution of stainless steel products such as pipe, axle, and other equipment, under trademark by TGPRO. It has four operating segments: the Stainless and service selling segment, which is the key revenue driver, includes steel pipes, steel sheets, steel shafts, and steel fittings; the Stereo sales segment sells stereo equipment, telephone equipment, and spare parts; an agriculture selling segment includes vegetables and seed; and Food sales Segment, which comprises of food sales, coffee and bakery shops, and steakhouse restaurants. It sells its product in Thailand and other countries, of which a majority of the revenue is generated from the Thailand market, and also has its presence in other countries.
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